So, the only way to make money on the options is for the shares to trade above 25 cents by Feb 2015.
From what I understand nearly half the the placement was reserved for staff and associates. Could be some change in director shareholding notices coming up next week. Good sign IMO that this is the bottom with a significant re rating coming in the next few months.
ELK Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held